CAI International (CAI) Issues Earnings Results

CAI International (NYSE:CAI) issued its quarterly earnings data on Monday. The transportation company reported $1.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.17, Bloomberg Earnings reports. CAI International had a net margin of 10.93% and a return on equity of 7.11%. The business had revenue of $94.03 million during the quarter, compared to the consensus estimate of $95.66 million. During the same period in the prior year, the firm posted ($0.09) EPS. The firm’s quarterly revenue was up 21.7% compared to the same quarter last year.

CAI International (NYSE:CAI) traded up $2.41 on Wednesday, reaching $26.65. 537,772 shares of the company’s stock were exchanged, compared to its average volume of 276,245. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 2.91. The stock has a market capitalization of $513.49, a PE ratio of 14.41, a price-to-earnings-growth ratio of 0.79 and a beta of 2.11. CAI International has a 52-week low of $13.57 and a 52-week high of $40.11.

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In other CAI International news, CFO Timothy B. Page sold 10,184 shares of the business’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $33.06, for a total value of $336,683.04. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director David G. Remington sold 4,040 shares of the business’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $32.68, for a total transaction of $132,027.20. Following the completion of the transaction, the director now owns 4,581 shares in the company, valued at $149,707.08. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,824 shares of company stock worth $847,218. Corporate insiders own 24.50% of the company’s stock.

CAI has been the subject of a number of recent analyst reports. ValuEngine downgraded shares of CAI International from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research upgraded shares of CAI International from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research note on Thursday, October 19th. Wells Fargo & Co boosted their target price on shares of CAI International from $26.00 to $32.00 and gave the company a “market perform” rating in a research note on Friday, October 20th. William Blair reiterated an “outperform” rating on shares of CAI International in a research note on Tuesday, February 6th. Finally, Cowen upgraded shares of CAI International from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $34.00 to $46.00 in a research note on Monday, October 23rd. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. CAI International currently has a consensus rating of “Buy” and an average price target of $36.20.

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About CAI International

CAI International, Inc is a transportation finance and logistics company. The Company purchases equipment, primarily intermodal shipping containers and railcars, which it leases to its customers, and also manages equipment for third-party investors. The Company operates through three segments: container leasing, rail leasing and logistics.